Raoul Pal Is More Bullish On Ethereum Than Bitcoin, Here’s Why

According to Raoul Pal, an investment strategist and the CEO of Real Vision, Ethereum (ETH) will very likely to outperform Bitcoin (BTC) in the long term.

Pal appeared on Crypto Banter, and noted that even though Bitcoin is still ahead of Ethereum in total trading volume and number of active wallets, ETH has found a way to outperform BTC over the last few years.

“If you think of Bitcoin, Bitcoin exchanges more value each week than Ethereum does. Ethereum has a lot of transactions. Transactions are a red herring. It’s total value and number of active wallets and Bitcoin beats both.

However, if you look at Ethereum, the change in values, the rates of change in those two values in Ethereum is higher, which is why Ethereum’s been outperforming Bitcoin over the last couple of years, and I found it’s really useful. It shows what price is and price is pretty good.”

Answering the question, if he remains more bullish on Ethereum than Bitcoin, Pal confirmed that it is still the case. He also believes that other altcoins should also outperform BTC eventually.

“If you believe the future is in the technology, in blockchain technology, then this whole digital asset space should outperform the safe haven. That’s just how things work. It always works that way and therefore, there’s a higher beta.

If you’re in an exponential uptrend because you’re in a network adoption model for the entire space, not just for Bitcoin, then it should outperform over time. It’s as simple as that.

It’s not a value statement about, ‘I don’t like Bitcoin because X and I prefer Ethereum for Y.’ It’s all about network adoption models. Once you understand that, you free your mind of all of the narratives that are in the different buckets.”

At time of writing, BTC trades at $29,419, and ETH at $1,814, both up about 1% on the daily chart.